CreativeOne Wealth LLC Makes New Investment in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA)

CreativeOne Wealth LLC purchased a new stake in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) in the third quarter, Holdings Channel reports. The institutional investor purchased 1,365,964 shares of the company’s stock, valued at approximately $59,596,000. AdvisorShares STAR Global Buy-Write ETF comprises about 2.0% of CreativeOne Wealth LLC’s portfolio, making the stock its 5th biggest position. CreativeOne Wealth LLC owned 0.96% of AdvisorShares STAR Global Buy-Write ETF at the end of the most recent reporting period.

Separately, AE Wealth Management LLC acquired a new stake in AdvisorShares STAR Global Buy-Write ETF during the 2nd quarter worth approximately $236,000.

AdvisorShares STAR Global Buy-Write ETF Price Performance

VEGA opened at $44.27 on Wednesday. AdvisorShares STAR Global Buy-Write ETF has a fifty-two week low of $37.54 and a fifty-two week high of $44.50. The company’s 50 day moving average price is $43.77 and its two-hundred day moving average price is $42.70. The firm has a market capitalization of $63.31 million, a price-to-earnings ratio of 19.45 and a beta of 0.65.

AdvisorShares STAR Global Buy-Write ETF Profile

The AdvisorShares STAR Global Buy-Write ETF (VEGA) is an exchange-traded fund that is based on the Benchmark for VEGA Fund index. The fund is an actively managed fund-of-funds that aims for consistent returns in part by writing call options on its underlying securities. Long puts are used to hedge downside risk.